1400 Gables Ct #103 Plano, TX 75075
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8 Questions to Ask a Dallas Business Attorney Before Forming Your Corporation

Dallas business law attorney, Richard “Ric” Armstrong, discusses eight important questions to ask when forming a new corporation in Texas.

A good business attorney can help budding entrepreneurs on the road to success. Ask these questions to minimize and mitigate business risk:

1.    Q: Which business structure should I use?

A: Businesses come in several different forms: limited liability company (LLC), S Corp, C Corp., general partnerships, limited partnerships, and even professional corporations, professional limited liability companies and professional associations. Each has distinct advantages and disadvantages. But as I dicussed in a previous post, no liability shield is impervious. Structuring your business smartly can reduce your exposure but not entirely eliminate it.

2.    Q: How do I choose my business’ name?

A: You likely know what you’d like to call your business, but even your choice of name may have legal implications. This is particularly true if you are governed by ethical rules or regulations of a profession.

3.    Q: How should I mitigate risk as an employer?

A: A business law attorney can ensure compliance with all employment laws.

4.    Q: How should I draft my bylaws?

A: In the case of a corporation, company bylaws set rules for how your business operates. A business law attorney can ensure your bylaws function smoothly.

5.    Q: What should I do to protect my intellectual property, now and in the future?

A: Your business includes intellectual property, so ask your attorney about the patenting process for your product or service, as well as trademarking your logo and business name. There may also need to be processes and procedures in place to protect trade secrets.

6.    Q: Do I need contracts? If so, how do I draft them and enforce them?

A: Your business will likely require well-written contracts between you and vendors or customers. An attorney can draft and review them.

7.    Q: What are my industry-specific risks, and how should I handle them?

A: Your business faces unique risks depending on your market. Your attorney can help you identify and navigate around them.

8.    Q: What else do I need to know?

A: In life and in entrepreneurship, there are the “known knowns,” the “known unknowns” and the “unknown unknowns.” Be curious, and ask as many questions as you need to ask to feel in control. A qualified business law attorney can guide you from business formation to ribbon cutting and beyond.

Contact a Dallas business law attorney at Armstrong The Law Firm, P.C. today for insight into how to form and maintain your Texas business.

www.planobusinesslawyers.com

Richard Armstrong, Principal

Richard Armstrong, Principal

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Armstrong The Law Firm, P.C.
Plano Location
1400 Gables Ct #103
Plano, TX 75075

Fort Worth Location (By Appointment Only)
5601 Bridge Street, Ste. 300
Ft. Worth, Texas 76112

Phone: (972) 424-5297